Notes: All lengths at Hislop North and Hislop Pit Complex are reported as core
length as true width is not available at this time. Assays are cut to
32.00 g/t Au.

Refer to Figure 1 and 2 for a plan view and longitudinal projection of
the Hislop Pit Complex drilling results and Figure 3 for a plan view of
Hislop North drilling results.

"The drill program at Hislop, both at the pit and the Hislop North
targets continue to return encouraging results", said Jacques Perron,
President & CEO of SAS. "Hislop North continues to show the southern
strike extension of mineralization onto SAS property. Drilling will
re-commence on this area once the pit drilling is completed as this is
the higher priority for SAS. At the Pit Complex, drilling continues to
confirm that the mineralization continues to depth beneath both pits."

Hislop Pit Complex (Refer to Figure 1 and 2 for a plan view and longitudinal projection of
the Hislop Pit Complex drilling results)

Following up on drilling initiated late in 2012 beneath the East and
West pits at the Hislop Mine, SAS is pleased to report assay results
from 23 holes (8,600 metres), which intersected strongly silicified,
sulphidized and mineralized syenite. Phase I drilling consisted of a
widely spaced 50 metre by 50 metre drill program aimed at testing for
the presence of mineralized extensions down to a depth of 100 metres
below the pit bottoms and is now complete.

The drilling highlighted well mineralized intercepts being reported
below both the East and West pits. Hole HP13-010 which is situated
approximately 75 metres below the bottom of the West Pit, returned 3.06
g/t Au over 21.8 metres, including 5.30 g/t Au over 8.2 metres. The
mineralized zone remains open at depth. Drilling below the East Pit
returned strong mineralization in Hole HP13-017, which is situated
approximately 200 metres below the bottom of the current East Pit, and
assayed 3.37 g/t Au over 17.6 metres including 15.60 g/t Au over 2.2
metres,. The mineralized zone remains open at depth.

A second phase of infill drilling under both the East and West pits,
designed to provide additional data which would support a resource
estimate is nearing completion.

Significant assay intercepts from the recent drilling on the Hislop Pit
Complex are summarized in the table below:

Hislop Pit Complex 2013 Surface Drilling Program

Hole Number

UTM (NAD27)

Degrees

Intersection (Metres)

Core Length

Gold Grade(g/t)

Easting

Northing

Elevation

Azimuth

Dip

From

To

(Metres)

HP13-002A

552155

5371429

300

35

-65

268.7

273.0

4.3

10.48

HP13-003

552304

5371717

300

210

-57

327.0

335.2

8.2

1.32

HP13-005

552283

5371646

300

212

-75

280.2

290.1

9.9

1.35

HP13-006

552283

5371646

300

212

-75

294.6

299.3

4.7

2.65

Including

297.8

298.3

0.5

15.94

Including

337.5

352.8

15.3

1.04

HP13-008

552420

5371571

300

212

-55

5.0

33.1

28.1

1.15

Including

5.0

24.9

19.9

1.45

And

62.2

62.8

0.6

8.91

And

208.5

223.0

14.5

2.45

And

211.5

224.0

12.5

2.50

Including

211.5

214.2

2.7

6.84

HP13-009

552420

5371571

300

212

-45

6.0

26.1

20.1

1.25

Including

6.0

13.5

7.5

2.10

And

181.0

186.4

5.4

2.91

Including

181.0

182.7

1.7

7.81

HP13-010

552350

5371612

300

212

-50

179.0

200.8

21.8

3.06

Including

181.0

189.2

8.2

5.30

HP13-011

552350

5371612

300

212

-60

207.0

229.6

22.6

2.76

Including

222.7

227.7

5.0

6.57

HP13-012

552383

5371566

300

212

-65

252.2

260.5

8.3

2.40

HP13-013

552383

5371566

300

212

-55

139.8

143.6

3.8

2.23

HP13-015

552454

5371490

300

212

-50

176.4

187.8

11.4

2.40

Including

182.5

187.8

5.3

4.50

HP13-016

552555

5371242

300

32

-60

153.6

156.7

3.1

3.55

Including

153.6

154.6

1.0

9.57

And

201.7

203.2

1.5

4.33

HP13-017

552629

5371169

300

32

-70

285.6

303.2

17.6

3.37

Including

298.1

300.3

2.2

15.60

Including

292.2

295.2

3.0

3.81

HP13-018

552454

5371490

300

212

-70

239.8

241.3

1.5

5.43

HP13-023

552658

5371140

300

32

-55

316.4

321.0

4.6

3.56

Including

317.1

318.4

1.3

9.37

HP13-025

552704

5371101

300

32

-60

288.0

300.6

12.6

4.14

Including

293.2

296.4

3.2

11.01

HP13-026

553117

5371183

300

212

-55

270.1

277.6

7.5

6.08

Including

273.1

274.6

1.5

11.50

HP13-028

552704

5371101

300

32

-50

244.4

246.4

2.0

3.69

And

306.9

308.8

1.9

2.87

HP13-032

553185

5371116

300

212

-70

107.0

111.5

4.5

3.53

And

235.4

236.9

1.5

5.42

HP13-033

552605

5374485

300

32

-65

256.5

264.6

8.1

7.01

Including

256.5

258.0

1.5

20.30

HP13-035

552775

5371094

300

32

-60

274.9

276.8

1.9

8.00

Including

276.2

276.8

0.6

17.40

HP13-036

553212

5371075

300

212

-50

87.0

90.0

3.0

5.18

HP13-037

552850

5371035

300

32

-70

309.7

311.7

2.0

3.73

Notes: All lengths are reported as core length as true width is not
available at this time. Assays are cut to 32.00 g/t.

Hislop North Project (Refer to Figure 3 for a plan view of Hislop North drilling)
Phase 1 drilling along the northern boundary of the Hislop property,
which followed up on the southerly strike extensions of the 147 and
Grey Fox zones, is now complete with a total of 18 holes and 9,000
metres drilled during this first pass of drilling. SAS is pleased to
report near surface intersections over significant widths were
intercepted in hole H13-003A, which returned 4.43 g/t Au over 20.2
metres (5.25 g/t Au uncut), including 12.81 g/t Au over 3.8 metres
(16.44 g/t Au uncut); and H13-013, which returned 8.32 g/t Au over 6.4
metres, including 13.42 g/t Au over 2.9 metres.

These intercepts are hosted within a brecciated albitic mafic volcanic
with significant quartz veining and disseminated pyrite, a style of
mineralization that is similar in nature to deposits along strike of
the 147, Grey Fox South and Hislop North mineralized trend.

Mineralization remains open at depth and the Company expects to commence
with a second phase of drilling on the potential extensions of the 147
and Grey Fox target areas before the end of the year.

Significant assay intercepts from the recent Hislop North drilling are
summarized in the table below:

Hislop North 2013 Surface Drilling Program

Hole Number

UTM (NAD27)

Degrees

Intersection (Metres)

Core Length

Gold Grade(g/t)

Easting

Northing

Elevation

Azimuth

Dip

From

To

(Metres)

H13-002

551485

5371985

300

265

-50

400.1

401.1

1.0

9.52

And

461.8

466.0

4.2

1.80

H13-003A

551610

5371985

300

265

-50

37.5

57.7

20.2

4.43

Including

47.6

51.4

3.8

12.81

And

278.3

284.9

6.6

2.00

H13-004

551360

5371885

300

265

-50

62.1

66.1

4.0

2.56

H13-005

551485

5371885

300

265

-50

157.0

159.1

2.1

2.41

And

174.0

175.5

1.5

1.44

And

183.6

184.4

0.8

5.07

H13-008

551485

5371785

300

265

-50

21.0

24.1

3.1

6.28

And

23.2

24.1

0.9

18.20

H13-009

551610

5371785

300

265

-50

59.5

64.4

4.9

1.89

H13-013

551820

5371865

300

265

-50

109.2

115.6

6.4

8.32

Including

112.2

115.1

2.9

13.42

Notes: All lengths are reported as core length as true width is not
available at this time. Assays are cut to 32.00 g/t.

Drilling, Assaying and QA/QC
Surface drilling was conducted by Forage Orbit Garant Drilling Services
Inc. Analytical work for the Hislop North and Hislop Pit Complex was
performed by AGAT Laboratories Limited situated in Mississauga, ON, an
accredited lab. SAS employs an industry standard QA/QC program
consisting of certified reference standards and blanks that are
inserted into the sample stream, which represent approximately 5% of
the total sample population.

Qualified Person
The exploration programs on the Company's various mineral properties are
under the supervision of Doug Cater, P. Geo, the Company's Vice
President of Exploration. Mr. Cater is a qualified person as defined
by NI 43-101, and has reviewed and approved this news release.

About SAS
SAS (operating as "SAS Goldmines"), is a gold mining and exploration
company with an extensive land package in the Timmins mining district,
north-eastern Ontario, which lies within the Abitibi greenstone belt,
the most important host of historical gold production in Canada.

SAS owns and operates the Holt, Holloway and Hislop mines which
contribute approximately 100,000 ounces of annual gold production. The
Company is also advancing the Taylor Project and is conducting a number
of exploration programs across 120km of land straddling the
Porcupine-Destor Fault Zone.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and
forward-looking statements (collectively, "forward-looking
information") under applicable securities laws, concerning the
Company's business, operations, financial performance, condition and
prospects, as well as management's objectives, strategies, beliefs and
intentions. Forward-looking information is frequently identified by
such words as "may", "will", "plan", "expect", "estimate",
"anticipate", "believe", "intend" and similar words referring to future
events and results, including in respect of the extent, timing,
objectives and interpretation of exploration programs at the Hislop Pit
Complex and Hislop North Project, and the completion of a resource
estimate on the Hislop Pit Complex.

This forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied by the forward-looking
information. Factors that may cause actual results to vary materially
include, but are not limited to, unanticipated operational or technical
difficulties which could increase the time necessary to complete the
development initiatives, escalate operating and/or capital costs and
reduce anticipated production levels; uncertainties relating to the
interpretation of the geology, continuity, grade and size estimates of
the mineral reserves and resources; the Company's dependence on key
employees and changes in the availability of qualified personnel;
fluctuations in gold prices and exchange rates; operational hazards and
risks, including the inability to insure against all risks; changes in
laws and regulations; and changes in general economic conditions. Such
forward looking information is based on a number of assumptions,
including in respect of the ability to achieve operating cost
estimates, the volatility and level of the price of gold including that
the gold price will generally remain within a reasonable range of
current levels, the accuracy of reserve and resource estimates and the
assumptions on which such estimates are based, the sufficiency of the
Company's cash flow and financial reserves to carry out its planned
programs, the ability to attract and retain qualified personnel to
conduct its exploration programs and operate its mines and general
business and economic conditions. Should one or more risks and
uncertainties materialize or should any assumptions prove incorrect,
then actual results could vary materially from those expressed or
implied in the forward-looking information. Accordingly, readers are
cautioned not to place undue reliance on this forward-looking
information. SAS does not assume the obligation to revise or update
this forward-looking information after the date of this release or to
revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws. A further description of the risks and uncertainties
facing the Company may also be found in the Company's Annual
Information Form available on SEDAR at www.sedar.com.